Co-op pick of the week

This Washington Heights two bedroom offers space at a discount

The listing suggests considering cutting off part of the spacious living room to make a small bedroom.

Halstead

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This two-bedroom, two-bath co-op in Washington Heights comes with room to spread out and sound-proofed windows. The apartment on Fort Washington Avenue is described as an "an expansive loft-like convertible three-bedroom" (see alternate floor plans below) and is listed at $595,000, with income restrictions. Maintenance is $832.

Features include maple flooring and granite counters, an island, a dishwasher, and a reverse osmosis filtering system in the kitchen (which sounds fancy but may remove key nutrients as it filters). The bedrooms have CitiQuiet windows throughout and blackout blinds for the sensitive sleeper. There's a spot for a washer-dryer in one of the bathrooms. 

One of the bedrooms has two exposures.

The smaller of the two bathrooms is narrow, but a modern-looking renovation makes it somewhat airy, considering. The other bathroom isn't pictured.

The two existing bedrooms are next to each other, separated only by oddly shaped closets, so privacy might suffer there.

The unit is on the corner of a building at Fort Washington and 161st Street. The windows face north and east, so light may be an issue in the common areas, but on the other hand there is an abundance of windows, and there are no close obstructions.

The building has an elevator, and pets are allowed.

The asking price is well below the $689,000 median for the neighborhood. That's because, importantly, the apartment is in an HDFC building, so buyers are restricted by income. Single people are limited to incomes of $80,160 or less, and the cap goes from there up to $132,840 for six-person households.

In other words, the buyer is going to have to have a nest egg saved up for a down payment and not a huge amount of income on the books lately.

For more on buying HDFC apartments, see our guide here.

 

 

 

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